In a move to strengthen its commitment to sustainability, Hydro Energi has signed a long-term power purchase agreement with Axpo Nordic . This agreement, which will come into force in 2026, guarantees the supply of 2.63 TWh of renewable electricity annually for a period of ten years. The electricity supplied will come from clean sources in Sweden’s SE2 price zone, covering part of the energy needs of Hydro’s aluminium plants in Norway.
Hydro’s electricity contract reduces carbon footprint in aluminum
The deal is not only key for Hydro, but also for its goal of maintaining its leading position in low-carbon aluminium production globally. The Norwegian company has committed to reducing its carbon footprint, with this renewable energy supply being an important step towards its net-zero emissions roadmap for 2050.
Today, aluminium production in Norway has a carbon footprint that is approximately 75% lower than the global average , making Hydro a benchmark for sustainability within the industry.
Strategic importance of the contract
Long-term contracts such as this one are essential for Hydro to maintain the stability of its energy supply and continue its environmental commitment. The company already manages a captive production of 9.4 TWh annually, and this new contract with Axpo will increase its renewable energy portfolio to approximately 10 TWh , ensuring that its operations continue efficiently and sustainably in the future.
With some existing agreements set to expire at the end of 2030, Hydro is forced to explore new renewable energy options, and this agreement is a key part of its strategy to meet its growing energy demands. Indeed, clean energy is becoming a fundamental pillar for all of Hydro’s operations globally, consolidating its commitment to responsible aluminium production.
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Source: Hydro Energi
Photo: Shutterstock
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